Bitcoin climbs as oil tops $100, equities drop after Iran strikes
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
Existing holdings would keep the current tax treatment, which can allow tax-free sales after a 12-month holding period.
Data shows that, in the short term, the bitcoin price has been reacting more strongly to U.S. economic data releases than to the Federal Reserve’s actual rate decisions, which were influenced by that data. This pattern will be tested this Friday again as the market awaits the central bank’s decision next Wednesday.
September 9, 2026, 11:30 amYoung scammers stole over 4,100 Bitcoin worth more than $240 million from one victim through social engineering calls, then spent millions on cars, jets and nightclubs before FBI arrests.
September 9, 2026, 11:15 amBitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
After a dip of around 5.5% the Bitcoin price looks as though it has turned around and may be heading back to the key $82K horizontal resistance level.
Bitwise’s negative trend measure coexists with positive return correlation in a FRED proxy, while portfolio results change across lookbacks.
Builders Bank would consolidate custody work Block now runs under more than 50 state money transmitter licenses.
The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans.
XRP ETFs took nearly $2 million on Tuesday while bitcoin, ether, solana and hyperliquid funds all lost money.
At the current 13% rate, SATA payouts imply about $130 million annually, while higher cash keeps static coverage near 19 months.
Hedge funds are stacking bets that the Japanese yen keeps climbing, with options positioning pointing to a dollar-yen rate below 150 by year-end and, in some longer-dated trades, as low as 140. That positioning reaches well past currency desks.
OFAC labels Iran's crypto sector sanctionable, citing Bitcoin and USDT-driven sanctions evasion to prop up the rial.